Versatile Triplex Opportunity in Saint John

The property at 25 Clarendon Street is a well-positioned multi-family asset featuring three distinct units: a three-bedroom, a two-bedroom, and a one-bedroom apartment. This configuration is ideal for investors seeking to maximize occupancy or for owner-occupants looking to live in the spacious main-floor unit while utilizing the other two units to offset mortgage costs. The building spans 2,233 square feet and is situated in a convenient location near Douglas Avenue. Suite/zoning status to be independently verified with the municipality. Based on a purchase price of $399,900 with 20% down ($79,980) at a 5.5% interest rate over a 25-year amortization, the monthly mortgage payment is approximately $1,955. With annual property taxes of $4,935.52 and estimated monthly operating expenses, this property offers a compelling cash-flow profile. We estimate market rents for this configuration to be approximately $3,200 per month, providing a solid foundation for positive cash flow. Saint John has experienced significant momentum, with a 76% appreciation over the last five years and a 9% increase in the last year alone. This property represents a classic buy-and-hold opportunity in a market that continues to see strong rental demand. Investors should consider the potential for long-term equity growth as the city continues to expand its industrial and residential footprint. As with any multi-family investment, risks include vacancy rates, maintenance of older building systems, and interest rate fluctuations. However, the ability to diversify income across three separate units provides a natural hedge against total vacancy, making this a resilient addition to a Canadian real estate portfolio.